Revenue Update on Donegal Group(NASDAQ:DGICA)

Donegal Group(NASDAQ:DGICA) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $169.85M. Analysts estimated a revenue of $169.35M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.33.

Donegal Group (DGICA) shares turned negative on Fridays trading session with the shares closing down -0.17 points or -1.04% at a volume of 48,141. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $16.32. The peak price level was also seen at $16.32 while the days lowest was $16.12. Finally the shares closed at $16.17. The 52-week high of the shares is $16.85 while the 52-week low is $12.69. According to the latest information available, the market cap of the company is $424 M.

Several Insider Transactions has been reported to the SEC. On May 11, 2016, Jack Lee Hess (director) purchased 1,000 shares at $15.51 per share price.Also, On Feb 25, 2016, Patricia A Gilmartin (director) sold 12,000 shares at $14.50 per share price.On Dec 22, 2015, Mutual Insurance Co Donegal (10% owner) purchased 2,075,000 shares at $20.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Donegal Group Inc. (DGI) is an insurance holding company whose insurance subsidiaries offer personal and commercial lines of property and casualty insurance to businesses and individuals in 21 Mid-Atlantic Midwestern New England and Southern states. The Company has four segments: its investment portfolio its personal lines of insurance its commercial lines of insurance and its investment in Donegal Financial Services Corporation (DFSC). Donegal Mutual Insurance Company (Donegal Mutual) provides facilities personnel and other services to the Company and its insurance subsidiaries. The personal lines products of its insurance subsidiaries consist of homeowners and private passenger automobile policies. The commercial lines products of its insurance subsidiaries consist of commercial automobile commercial multi-peril and workers’ compensation policies.

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